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Euro Tumbles to New Low
Despite Officials' Support

It seems an attempt by German central bankers to talk the euro higher failed Friday, as the embattled European currency sank to a new low in late trading.

The dollar also was firmer against the yen, taking back some of the two-yen loss it had incurred Thursday as U.S. stocks recovered. Yen trading was quiet, however, in advance of the Memorial Day long weekend in the U.S.